On Wednesday, the Kansas City Cattle Company, known for its premium Wagyu beef products, announced on X (formerly Twitter) its strategic decision to adopt Bitcoin as its primary reserve treasury asset. This decision by the veteran-owned and operated enterprise, celebrated for its world-renowned gourmet uncured all-Wagyu beef hot dog, marks a significant pivot towards financial innovation, motivated by the urgent need to address the eroding purchasing power and rising costs in the industry.
“The Kansas City Cattle Company has now adopted Bitcoin as a primary reserve treasury asset. The debilitating loss in purchasing power combined with the increases in costs in our industry have made this one of our easiest decisions we’ve ever made. Fix the money. Fix the Food,” KC Cattle openly declared.
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https://cryptodaily.co.uk/news-in-crypto/bitcoinist:kc-cattle-company-adopts-bitcoinThe inflation rate did not exceed 10%, and a company like KC began to complain about the debilitating loss in purchasing power. If inflation and prices continue to rise, do you think that more companies might take a similar step, as it is an essential reserve asset for the treasury?